Globe Banner News
World Bank restructures accountability mechanism for improved efficiency
By Globe Banner | Jan 9, 2025
The World Bank's Board of Executive Directors has approved modifications to the structure of the organization's Accountability Mechanism.
World Bank supports Mozambique with rapid financing for crisis response
By Globe Banner | Jan 9, 2025
The Mozambique Contingent Emergency Response Project (CERP) serves as an Investment Project Financing (IPF), allowing emergency response expenditures to be funded through the Rapid Response Option (RRO).
World Bank issues EUR 3 Billion sustainable development bond maturing in January 2035
By Globe Banner | Jan 9, 2025
The World Bank has successfully returned to the euro market with a 10-year sustainable development bond, raising EUR 3 billion.
Siemens introduces climate-friendly power distribution technology in Davos
By Globe Banner | Jan 9, 2025
Reliable power supply is crucial for maintaining a well-functioning infrastructure.
Morgan Stanley invests in ocean data firm XOCEAN through €115 million funding round
By Globe Banner | Jan 9, 2025
Morgan Stanley Investment Management (MSIM) has announced that its 1GT private climate equity strategy participated in a €115 million fundraising round for XOCEAN, a company specializing in ocean data for the offshore energy and civil hydrography...
Nordea funds university's biodiversity research with EUR 200k donation
By Globe Banner | Jan 8, 2025
Nordea has announced a donation of EUR 200,000 to support the University of Jyväskylä's research program focused on biodiversity impact in the Nordic countries.
BMO offers support for Los Angeles wildfire victims
By Globe Banner | Jan 8, 2025
BMO has announced its support for customers and communities in Los Angeles affected by the recent wildfires.
US embassies in Ecuador to close for National Day of Mourning
By Globe Banner | Jan 8, 2025
President Biden has announced a National Day of Mourning on January 9, 2025, in honor of former President Jimmy Carter.
Japan Social Development Fund celebrates quarter-century milestone
By Globe Banner | Jan 8, 2025
In 2025, the Japan Social Development Fund (JSDF) commemorates its 25th anniversary.
World Bank outlines new strategy for economic growth in Namibia
By Globe Banner | Jan 8, 2025
The World Bank's Board of Executive Directors has introduced a new Country Partnership Framework (CPF) for Namibia, outlining the organization's strategy from FY2025 to FY2029.
Siemens integrates Apple Wallet into Building X Security Manager
By Globe Banner | Jan 8, 2025
Siemens has introduced a new feature for its Building X Security Manager, allowing users to access buildings using Apple Wallet.
Dirk Schumacher named new chief economist of KfW Group
By Globe Banner | Jan 7, 2025
Dr. Dirk Schumacher has been appointed as the new Chief Economist of KfW Group and will start his role on April 1, 2025.
World Bank launches GBP 1 billion bond for sustainable development
By Globe Banner | Jan 7, 2025
The World Bank has successfully launched a long 5-year British pound sterling benchmark bond, amounting to GBP 1 billion.
Fubon Financial wins nine awards at 2025 Insurance Quality Awards
By Globe Banner | Jan 7, 2025
Fubon Financial Holdings and its subsidiaries have been recognized at the "2025 Insurance Quality Awards," receiving a total of nine awards.
Siemens aids Spinnova in advancing sustainable textile production
By Globe Banner | Jan 7, 2025
Siemens and Spinnova are collaborating to advance sustainable textile manufacturing at the Woodspin factory in Jyväskylä, Finland.
World Bank approves $35M project to aid Meghalaya's adolescents
By Globe Banner | Jan 7, 2025
The World Bank's Board of Executive Directors has approved a new initiative aimed at assisting 500,000 adolescents in Meghalaya, India.
ING continues share buyback with over 52 million shares repurchased
By Globe Banner | Jan 7, 2025
ING has announced progress in its €2.0 billion share buyback programme.
Siemens launches startup support program at CES 2025
By Globe Banner | Jan 7, 2025
Siemens has introduced a new initiative, Siemens for Startups, aimed at empowering early-stage engineering and manufacturing startups.
UK consumer card spending remains flat amid focus on entertainment and travel
By Globe Banner | Jan 7, 2025
Consumer spending in the UK remained flat in December, according to the latest Barclays Consumer Spend report.
U.S trade deficit widens to over $78 Billion in November
By Globe Banner | Jan 7, 2025
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis have reported an increase in the goods and services deficit for November 2024, reaching $78.2 billion.